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Middlesex County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Middlesex County, Massachusetts based on real HMDA transaction records.

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Middlesex County, MA Benchmarks

FHA averages
Typical Property Value$669,075
Average Down Payment14.4%
Average Interest Rate6.245%
Effective Tax Rate1.01%
$
%

$96,347 down · $572,728 financed

Estimated Monthly Payment

$4,544/mo

  • Principal & Interest$3,588
  • Property Tax$563
  • Home Insurance$150
  • FHA MIP$243
Amortization · Remaining Balance

Financed Loan Amount

$582,751

Total Interest

$708,964

Total of Payments

$1,291,715

*Includes financed FHA Upfront MIP of $10,023

Local Market Insights

Middlesex County FHA Mortgage Overview

In Middlesex County, the FHA loan market shows a weighted average down payment of 14.42%, which is well above the standard 3.5% minimum. This suggests buyers are voluntarily lowering their loan-to-value ratio to reduce monthly costs, yet the 85.58% LTV means mandatory Mortgage Insurance Premiums (MIP) remain for the life of the loan—ideal for those with sub-620 credit seeking accessible entry. The effective property tax rate of 1.01%, coupled with a 0.5% inflation-adjusted increase, adds roughly $335 annually to a $669,074 property. When evaluating an FHA loan with PMI and taxes in Middlesex County, MA, these factors directly impact true monthly affordability for owner-occupied homes.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.